Brind.
  1. Statements from Fed officials Williams, Waller, and Bowman are being monitored as signals of future rate hike intentions.

Fed Officials Scheduled to Speak Amid Rate Hike Uncertainty and Oil Price Rise

1 report, 1 independent Updated Wed 00:00
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What happened

Some supportReported by 1 outlet

Christopher Waller, Neel Kashkari, and Alberto Musalem are scheduled to speak at an upcoming Federal Reserve meeting. Meanwhile, the U.S. Dollar Index gained 0.2% to 102.03, and the USD/JPY rose 0.2% to 158.38, while the Japanese yen weakened toward 158 per dollar. Higher oil prices, climbing up to 1% to $101.50 a barrel, were driven by intensified tanker attacks by Iran in the Strait of Hormuz.

From econotimes.com

Why it matters

Some supportBrind's analysis of the reports

Market expectations for an October rate hike have declined, with the probability of a 25-basis-point increase falling to 20.5%. The scheduled statements from Christopher Waller and Neel Kashkari are being monitored as signals regarding future rate intentions from the Federal Reserve. The benchmark 10-year Treasury yield increased three basis points to roughly 5.31%.

Statements from Federal Reserve officials Williams, Waller, and Bowman are being monitored as signals of future rate hike intentions.

From econotimes.com

Who's involved

  • FEDThe institution whose policy decisions are being monitored.
  • Christopher WallerA Governor of the FED and influential policymaker.
  • Neel KashkariPresident/CEO of the Federal Reserve Bank of Minneapolis and FOMC voting member.
  • yenThe official currency of Japan, which has weakened against the dollar.
  • HormuzThe location where Iran intensified tanker attacks, driving oil prices up.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • U.S. TreasurySpeculative

    The U.S. Treasury market might see changes in borrowing costs as the 10-year yield increased.

  • yenSpeculative

    The Japanese economy could face increased import costs due to the weakening of the yen.

  • HormuzSpeculative

    Global industries could face higher operational costs due to the rise in oil prices.

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